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Exercise 9-6. Suppose you face the prospect of receiving $513.62 per year for the next 7 years plus an extra $614.93 payment at the end

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Exercise 9-6. Suppose you face the prospect of receiving $513.62 per year for the next 7 years plus an extra $614.93 payment at the end of 7 years. Determine how much this prospect is worth today if the required rate of return is 3 percent Enter your answers as amounts only with neither commas nor decimals ROUNDED TO THE NEAREST HUNDRED. e.g., 8599.99 is rounded to 8600

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